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Nebraska Schedule IV — Converting Net Income to Combined Net Income FORM 1120N
Schedule IV
• If this schedule is used, read instructions and attach this schedule to Form 1120N.
2020
Name on Form 1120N Nebraska ID Number
Corporation FEINs (Enter FEINs as column headings.) (II)
Income and Deductions ( )I Eliminations (III)
Subtotal (Attach explanation.) Combined Income
1 Gross receipts or sales less returns
and allowances ...............................................
2 Cost of goods sold ..........................................
3 Gross profit (subtract line 2 from line 1) ..........
4 Dividends and inclusions ................................
5 Interest ............................................................
6 Gross rents .....................................................
7 Gross royalties ................................................
8 Capital gain net income ..................................
9 Net gain (loss) .................................................
10 Other income ..................................................
11 TOTAL INCOME
(total of lines 3 through 10) .............................
12 Compensation of officers ................................
13 Salaries and wages (less employment credit)
14 Repairs and maintenance ...............................
15 Bad debts ........................................................
16 Rents ..............................................................
17 Taxes ..............................................................
18 Interest ............................................................
19 Charitable contributions ..................................
20 Depreciation not claimed elsewhere on
federal return ..................................................
21 Depletion .........................................................
22 Advertising ......................................................
23 Pension, profit sharing, etc., plans ..................
24 Employee benefit plans ...................................
25 Reserved for future use ..................................
26 Other deductions (attach schedules) ..............
27 TOTAL DEDUCTIONS (total of lines 12
through 26) .....................................................
28 Taxable income before federal adjustments
(line 11 minus line 27) .....................................
29 Less: a Net operating loss deduction ...........
b Special deductions ..........................
c Total net operating loss and
special deductions ...........................
30 Taxable income (line 28 minus line 29c).
The amount in the “Combined Income” column
should be entered on line 2, Form 1120N. ..........
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